Kawarau Jet director Andy Brinsley said he had skimmed through the report, released on Friday, but could not make a full conclusion.
"My understanding is the court is waiting for further information ... we will have a board meeting tomorrow," Mr Brinsley said yesterday.
Thunder Jet spokesman Duncan Storrier said the interim decision by Judge Laurie Newhook "sums up everything perfectly".
"The report vindicates the whole drama we entered into more than two years ago ... Judge Newhook used the words 'patch protection' a number of times, which is in fact what this whole thing has been about," Mr Storrier said.
Judge Newhook says the court is tentatively considering consent can be granted for Thunder Jet to operate one jet-boat, up to four times a day on the Kawerau River, and to operate a further three boats on Lake Wakatipu and the Kawarau River, about 10 times a day.
Kawarau Jet has essentially been the sole jet-boat operator on the Kawarau River for 10 years. Thunder Jet was operational for 80 days in 2008, but Kawarau Jet appealed the resource consent decision as it was non-notified, and the decision was overturned.
Judge Newhook said the hearing was originally scheduled to run for two weeks, but took a great deal more time, stretching to four separate sessions held during May, June and July.
"In listening to the case and preparing our decision, we have been at pains to put aside the more colourful aspects or dramatic aspects of the hearing, and bring the focus back to the technical issues of importance to it," he said.
Judge Newhook said the court was also waiting to determine the necessity of an outcome from the Transport Accident Investigation Commission, which is investigating an accident "between two private vessels" last year.
Mr Storrier said the Thunder Jet boat, which is in storage in Bluff, would probably be transported to Queenstown before Christmas and they hoped it would be operational by March 2011.